May 13, 2024
SEC Proposes Requirements Related to Customer Identification Programs
The SEC — in conjunction with the Financial Crimes Enforcement Network of the U.S. Department of the Treasury — has released a proposed rule that would require certain investment advisers that meet the definition of a “financial institution” in the Bank Secrecy Act of 1970 (i.e., SEC-registered investment advisers and exempt reporting advisers) “to establish, document, and maintain written custome
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